Hugh Latif offers perspectives on strategies and tactics, which are frequently confused. Strategic errors can be fatal because they deal with business direction. Tactical errors are easier to fix, absorb and are less costly than strategic errors.
Source: The Globe and Mail, September 5, 2017.
Strategy is tied to the overall direction and represents the main highway taken to reach the ultimate destination. Tactics are the tools used to carry on the strategy, and operations involve specific choices of ingredients used to get there. Learning to differentiate among these three types of decisions may well determine business success.